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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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MAP Protocol announces a strategic transformation to focus on a full-chain infrastructure for the exchange of Bitcoin, stablecoins, and tokenized assets.
PANews, July 11 news, according to an official announcement, MAP Protocol has announced its new strategic vision, transforming into a full-chain infrastructure focused on the exchange of Bitcoin, stablecoins, and tokenized assets. This transformation aims to address the cross-chain exchange demand brought about by the surge in institutional holdings of Bitcoin and the stablecoin market surpassing $200 billion. The protocol employs lightweight client technology and an MPC threshold signature scheme to achieve decentralized real-time asset swaps between the Bitcoin mainnet and public chains such as Ethereum and BNB Chain. Its front-end platform Butterswap currently processes an average of $170 million in stablecoin transactions per month, and will expand to support cross-chain swaps of fiat stablecoins such as the Korean Won and Hong Kong Dollar in the future.